Connect with us
ASIA/EUROPE FOREX NEWS WRAP After touching its highest level in four and a half years, the USDJPY staged a massive overnight reversal, falling from a high...
US Dollar Technical Analysis– Prices invalidated a bearish Dark Cloud Cover candlestick pattern to break above resistance at 10822, the 50% Fibonacci expansion. Buyers now target...
USD/CHF Technical Analysis– Prices are testing support at 0.9687, the 23.6% Fibonacci retracement, with a break below that eyeing the 38.2% level at 0.9596. Near-term resistance...
USD/CAD Technical Analysis– Prices advanced as expected after putting in a bullish Morning Star candlestick pattern above support at a rising trend line set from mid-September...
NZD/USD Technical Analysis– Prices are testing support at 0.8052, the November 16 2012 low. A break below that aims for the 0.80 figure and the September...
AUD/USD Technical Analysis– Prices are testing support in the 0.9663-82 area, marked by the November 23 2011 low and the 23.6% Fibonacci expansion. A break below...
USD/JPY Technical Analysis– Prices declined as expected after putting in a Bearish Engulfing candlestick pattern. Sellers are testing below initial support at 101.84, the 14.6% Fibonacci...
GBP/USD Technical Analysis – Prices declined as expected after putting in a Shooting Star candlestick below resistance at the top of a rising channel set from...
EUR/USD Technical Analysis– Prices put in a Bullish Engulfing candlestick pattern, hinting at gains ahead. Initial resistance is at 1.2901, the 23.6% Fibonacci retracement, with a...
Pivot: 0.9705 Our preference: Short positions below 0.9705 with targets @ 0.9595 0.9555 in extension. Alternative scenario: Above 0.9705 look for further upside with 0.9735 0.9795...